Page 66 - Companies

Wipro chairman Rishad Premji's compensation down 50% as profits fall

If one has to take the Covid period as an example, several senior executives and managers have taken pay cuts

Dream Sports CEO Harsh Jain elected as new chairman of IAMAI till 2025

Jain replaces Sanjay Gupta, vice-president, and country manager at Google India

Bayer CropScience records 3.79% increase in Q4 profit at Rs 159 crore

Bayer CropScience on Thursday reported 3.79 per cent increase in net profit at Rs 158.5 crore for March quarter 2022-23, as against Rs 152.7 crore in the year-ago period. Total income rose to Rs 982.5 crore during the quarter from Rs 963.3 crore in the year-ago period, according to a regulatory filing. Expenses increased to Rs 811.1 crore from Rs 789.5 crore. For the entire 2022-23 fiscal, Bayer CropScience reported 17.49 per cent jump in net profit at Rs 758.2 crore, when compared with Rs 645.3 crore in the previous fiscal. Total income increased to Rs 5,203.6 crore in 2022-23 from Rs 4,789 crore in the previous year, the filing added. Executive Director Simon-Thorsten Wiebusch said, "Sales growth in Q4 continued to be driven by strong crop protection sales and consistent performance by our corn seeds business while overcoming some supply constraints faced during the quarter." Chief Financial Officer Simon Britsch said, "The steady performance of our crop protection and corn see

Hindalco Q4 results: Profit falls 48% to Rs 832 cr, Rs 3 dividend declared

During the quarter, the company's revenue from operations rose to Rs 19,995 crore from Rs 18,969 crore in Q4FY22

Infosys unveils a platform 'Topaz' for generative artificial intelligence

Infosys Topaz is an AI-first offering to accelerate business value for global enterprises using generative AI

Jet Airways revival: NCLAT to rule on consortium plea against SBI on May 30

Lender says Jalan-Kalrock has not paid dues that had a deadline of May 15

IndiGo reinstates cabin crew bonus after 2nd consecutive profitable quarter

IndiGo hadn't paid crew bonus for three years as it incurred losses due to the Covid-19 pandemic

Most Indian companies believe ESG rules are important but only few prepared

The consumer industry was the least ready for ESG requirements, and only 7 per cent of organisations said they have robust preparedness for it, according to a Deloitte India survey

Four entities settle insider trading case in Poonawalla Fincorp with Sebi

Four entities on Wednesday settled with capital markets regulator Sebi a case pertaining to alleged insider trading in the shares of Poonawalla Fincorp Ltd, earlier known as Magma Fincorp Ltd, after paying Rs 10.97 crore towards the settlement fee. The entities paid a total of Rs 10.97 crore -- Rakesh Bhojgdhiya HUF (Rs 4.29 crore), Rakesh Bhojgdhiya (Rs 3.74 crore), Murlidhar Agrawal (Rs 1.20 crore) and Amit Agrawal (Rs 1.72 crore) -- towards the settlement charges. Apart from these, the terms of the settlement also included disgorgement of the already impounded ill-gotten gains of a combined value of Rs 11.82 crore made by these entities. "In view of the acceptance of the settlement terms and receipt of settlement amounts... the specified proceedings initiated against the applicants vide show cause notice dated September 15, 2022, are disposed of in terms of...the Settlement Regulations," Sebi said in two settlement orders. The regulator, in its show cause notice issued, alleged

Jubilant FoodWorks net profit for Q4 falls by 70% to Rs 28.54 crore

Jubilant FoodWorks Ltd on Wednesday reported a 70 per cent decline in consolidated net profit at Rs 28.54 crore in the March quarter, impacted by higher expenses and raw materials cost. The company had posted a consolidated net profit of Rs 96 crore in the year-ago period, Jubilant FoodWorks said in a regulatory filing. Consolidated revenue from operations in the fourth quarter was at Rs 1,269.85 crore as against Rs 1,175.97 crore in the year-ago period, it added. Total expenses were higher at Rs 1,205.15 crore as compared with Rs 1,038.27 crore in the corresponding period a year ago, the company said. Cost of raw materials consumed in the quarter was at Rs 290.96 crore, up from Rs 254.96 crore in the same period of FY22. The company, which holds the exclusive master franchise rights from Domino's Pizza Inc for India, Sri Lanka, Bangladesh and Nepal, besides exclusive rights to develop and operate Dunkin' restaurants in India and Popeyes restaurants in India, Bangladesh, Nepal and

Home Depot cuts outlook as softening demand hits first quarter sales

The company now expects comparable sales to decline as much as 5% this fiscal year - the first annual fall in 14 years - following a bad start to the year affected by lumber deflation and poor weather

Even after FTX's collapse, most influential crypto cos follow own rules

The lack of effective corporate governance and due diligence conducted on FTX's books raised eyebrows around the world. But for crypto industry watchers, it's not an unfamiliar tale

George Soros's firm among top bidders to acquire Vice out of bankruptcy

Vice's rapid downfall underscores the challenges facing digital media companies, which are struggling as advertisers cut spending during an uncertain economy

Coca Cola, Zepto expand partnership to 'return and recycle' PET bottles

Companies' expand initiative after 60-day pilot in Mumbai gets 'overwhelming customer response'

Adani stocks have seasonality to help in recovery from $100 billion rout

Stocks of at least four companies controlled by billionaire Gautam Adani - including the conglomerate's flagship Adani Enterprises Ltd. - show a strong tendency to climb in the second half of year

Partial sale of companies won't be default under insolvency code: Report

The Ministry of Corporate Affairs proposed revisions to the IBC which would allow several resolution plans for different parts of an insolvent company to increase value realisation

More hits than misses spur most upgrades in six quarters, shows data

The Street is now expecting Nifty earnings per share (EPS) of around Rs 980 in FY24 and Rs 1,130 in FY25

Son owes SoftBank $5.2 bn on side deals post losses at Vision Fund unit

His unrealized losses widened by about $130 million from three months before, with most of the deficit linked to the Latin America fund

Adani shortseller saga probe to test Sebi, SC check on the rich & powerful

With PM largely silent on the controversy despite attacks from opposition, these investigations are most significant way India can signal to investors that it is willing to scrutinize its largest firm

US borders not open as migration rules change: Homeland Security official

Migrants entering the US without documents as pandemic-era controls lift on Thursday will face long-term bans and possible prosecution, warned a top official of US Homeland Security